A Business Purchased a Building by Paying Part of the Purchase

question 82

Multiple Choice

A business purchased a building by paying part of the purchase price in cash as a down payment and signing a mortgage note for the remainder.The business should:

• A) debit the mortgage note payable for the amount of the mortgage.
• B) debit the building account for the amount of the mortgage.
• C) debit cash for the amount paid on the down payment.
• D) credit the mortgage note payable for the amount of the mortgage.

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Definitions:

Counterconditioning

A behavior therapy technique where a positive response is conditioned to replace a negative or unwanted response to a stimulus.

Virtual Reality Exposure Therapy

A technique in psychotherapy that uses virtual reality technology to expose patients to simulations of their fears and traumas in a controlled environment.

Behavior Modification

A technique or therapy aimed at changing undesirable behaviors through rewards, punishments, or other reinforcement strategies.

Reinforcing Desired Behaviors

A technique in behavior therapy and conditioning involving rewards or positive feedback to encourage the repetition of specific actions or conduct.